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a ) . Define Comprehensive and Other Comprehensive Income. ( b ) . Discuss alternative formats for reporting comprehensive income. ( c ) . Explain
a Define Comprehensive and Other Comprehensive Income.
b Discuss alternative formats for reporting comprehensive income.
c Explain the usefulness of reporting the components of comprehensive income.
d What justification is there for valuing equity securities at fair value and reporting
the unrealized gain or loss as part of net income?
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